Sydney Airport Holdings said on Thursday it would reject a A$22.26-billion ($16.6-billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low...
Aviation
Adani Airport Holdings to own nearly 98% stake in GVK Airport Developers
AAHL, the flagship holding company of Adani Group’s airport business, will hold nearly 98 per cent stake in GVK Airport Developers Ltd (GVKADL) pursuant to the rights exercised by it as a lender to the company...
Sydney Airport rejects $17 bln buyout proposal amid deal frenzy
Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record...
Adani takes over Mumbai airport, becomes India’s largest airport operator
The Adani group has completed the acquisition of Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai next month, it said in a release today. Last August the...
Air India: Tata Group may ask for indemnity clause in Air India privatisation deal
The Tata Group may ask for an indemnity clause in the Air India privatisation deal in order to protect itself from unexpected claims even as it intensifies due diligence on the government-owned airline. Tata Group...
Adani to raise over $1 billion to refinance Mumbai International Airport debt
The Adani Group, which is soon expected to take over the GVK-led Mumbai International Airport (MIAL), plans to refinance its debt at lower rates with overseas funds, people aware of the talks told ET. Adani Airport...
Malaysia’s AirAsia to buy Gojek’s Thai business for $50 mln in shares
Malaysian budget carrier AirAsia Group said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle platform...
Sydney Airport gets $16.7 bln buyout bid as investors take longer-term view on travel
A group of infrastructure investors has proposed one of Australia’s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the pandemic...
Carlyle takes over Trans Maldivian Airways from Bain Capital
Carlyle Group Inc said on Thursday it has taken a majority stake in Trans Maldivian Airways (TMA), the world’s largest seaplane operator, from buyout firm Bain Capital following a debt restructuring deal. TMA began...
EU opens in-depth study of IAG planned purchase of Air Europa
The European Commission said on Tuesday it had opened an in-depth investigation into International Airlines Group’s planned purchase of Spain’s Air Europa. The Commission, which oversees EU antitrust policy, said it had...
NCLT issues written order approving resolution plan for Jet Airways
The National Company Law Tribunal (NCLT) on Friday published the written order approving Jalan Kalrock Consortium’s resolution plan for grounded Jet Airways, and the approval is subject to certain directions. A...
South Korean developer acquires Eastar Jet for $97 million – Yonhap
South Korean property developer SJ Co Ltd has acquired budget airline Eastar Jet for 110 billion won ($97 million), Yonhap news agency reported on Thursday. SJ paid a deposit of 11 billion won and plans to issue new...
